Expedia Stock Rating Reaffirmed by Benchmark Co. (EXPE)
Expedia (NASDAQ:EXPE)‘s stock had its “buy” rating reiterated by research analysts at Benchmark Co. in a report released on Friday. They currently have a $94.00 target price on the stock, up from their previous target price of $85.00. Benchmark Co.’s price target would suggest a potential upside of 18.36% from the stock’s previous close.
A number of other analysts have also recently weighed in on EXPE. Analysts at Jefferies Group reiterated a “hold” rating on shares of Expedia in a research note on Friday. They now have a $85.00 price target on the stock, up previously from $70.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Expedia in a research note on Friday. They now have a $83.00 price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Expedia to a “hold” rating in a research note on Friday. They now have a $80.00 price target on the stock, up previously from $70.00. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $83.39.
Shares of Expedia (NASDAQ:EXPE) traded up 5.59% during mid-day trading on Friday, hitting $83.86. 6,076,692 shares of the company’s stock traded hands. Expedia has a 1-year low of $45.69 and a 1-year high of $82.36. The stock has a 50-day moving average of $78.93 and a 200-day moving average of $73.96. The company has a market cap of $10.888 billion and a P/E ratio of 33.98. Expedia also was the recipient of some unusual options trading activity on Wednesday. Investors purchased 24,717 call options on the stock. This represents an increase of 609% compared to the typical daily volume of 3,485 call options.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.27. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Analysts expect that Expedia will post $3.84 EPS for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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